Several stocks are expected to rebound after recent declines at the start of the year, despite a strong 2024 for the S&P 500, which notched a second consecutive annual gain over 20%. The index faced a downturn, concluding the week lower for the third time in four weeks. Using the CNBC Pro stock screener, oversold stocks were identified based on their relative strength index (RSI). HCA Holdings and Molson Coors, with RSIs of 22.4 and 23.5 respectively, are notable mentions; both have significant upside potential according to analysts. Nucor and Steel Dynamics are also among the oversold stocks, affected by reduced demand in their sectors.
